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Super-budget Chinese retailer reports revenues of $63.3m last year, almost double its $32m in 2023Business live – latest updatesThe UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers…
Online fashion seller’s losses widen to £264m as Poundland confirms plans to close up to 150 storesThe online fashion seller Debenhams, formerly known as Boohoo, is considering the sale of its Pretty Little Thing (PLT) brand and the closure of its dist…
Plea about ‘de minimis’ rule, which has underpinned the rise of the online specialists Shein and TemuRachel Reeves must intervene to assist British retailers by ending an imports tax break that favours Chinese online rivals and rethinking plans for hig…
Scrutiny of selling platforms grows as female users warning of harassment on sites after photos stolen and sexualisedUsers of secondhand clothing websites such as Vinted are warning about the danger their images will be used against their will on porno…
Ex-chancellor criticises hesitant approach to crypto and warns country in danger of missing next surge in marketBusiness live – latest updatesThe UK has been left behind in the cryptocurrency boom and is in danger of missing a second wave of demand, ac…
The same data networks that enable phone apps and web surfing help drones navigate, so officials are imposing daily, patchwork shutdowns. The actions can be very disruptive to daily life.
Michael McGrath awaits results of secret shopper investigation amid crackdown on Chinese retail platformsThe EU justice commissioner has expressed shock at the toxicity and dangers of some goods being sold by Shein and Temu, amid a crackdown on the pop…
American consumers of Korean cosmetics and skin-care products are bulk buying, as President Trump threatens 25 percent tariffs on imports.
Stuart Machin tells AGM retailer hopes to put ‘vast majority’ of cyber-attack chaos ‘behind us’ by AugustBusiness live – latest updatesMarks & Spencer’s online business should be running “fully” within the next four weeks, its boss has said, as the…
Workers claim the company has used AI to deny requests for accommodation and policed an employee Slack channelDisabled corporate workers at Amazon have accused the company of engaging in “systemic discrimination”, aggressively quashing their attempts t…